Fitch has downgraded Pakistan's rating to triple C

Fitch has downgraded Pakistan’s rating to triple C

Global rating agency Fitch downgraded Pakistan’s long-term foreign currency debt rating to triple C. Pakistan’s first triple C rating in the rating agency Fitch, the international organization has taken this decision due to the dangerously low foreign exchange reserves. Fitch wrote that as the level of Pakistan’s foreign exchange reserves remains low, we believe the…

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